Economy

West Asia tensions driving forex stress via crude, fertiliser, and gold: FM

Finance Minister says economy resilient amid concerns about price impact of '3 Fs: Fuel, fertiliser, foreign exchange'

India turns to Latin America, Africa for crude oil amid West Asia crisis

In April and May, Indian refiners raised imports from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, as well as continuing to buy Russian oil

India turns net importer of finished steel in April amid rise in shipments

India imported 0.7 million tonnes of finished steel in April, overtaking exports as domestic consumption and inbound shipments increased sharply

Petrol, diesel prices raised for fourth time in less than two weeks

Fuel prices were raised by ₹2.61-2.71 per litre as oil marketing companies continue to face mounting losses amid elevated global crude oil prices

Weekly policy watch: Forex reserves, deposits, Marco Rubio visit in focus

India's policy focus this week will be on forex reserves, banking deposit growth and high-level India-US talks amid global uncertainty and trade concerns

Petrol, diesel prices raised by up to ₹2.71; hike tops ₹7.5 within 2 weeks

Petrol prices were raised to ₹102.12 a litre in Delhi from ₹99.51 previously, while diesel rates were increased to ₹95.20 per litre from ₹92.49

VB-G RAM G draft rules: Normative funding to be also based on FC's formula

A part of the normative allocation can also be based on fixed 'performance criteria'

A tough equation: Students rethink overseas study plans amid rupee slide

Weak rupee reshapes overseas education choices as Indian students seek affordable destinations

First micro-LED screen rollout in 22 months, says Ashwini Vaishnaw

India targets semiconductor and micro-LED leadership with phased manufacturing push

Goyal's Canada visit may accelerate Cepa negotiations, deepen energy ties

Piyush Goyal's Canada visit is set to push CEPA talks forward, with energy security, clean energy and trade diversification in focus

ECLGS 5.0 finds traction as MSMEs look for buffer amid uncertainty

Banks are seeing early interest in ECLGS 5.0 as MSMEs seek extra liquidity buffers amid rising uncertainty linked to the West Asia crisis

India-US ties have not lost momentum: US Secretary of State Marco Rubio

On maiden India visit, US Secretary of State discusses energy, trade and immigration with foreign minister

Labour ministry consults industry on migrant worker welfare framework plans

The labour ministry has started consultations with industry bodies on migrant worker welfare, focusing on housing, portability of benefits and registration reforms

Weekly economy wrap: Fuel price hikes, rupee slide add to CAD pressure

From fuel hikes to a record RBI dividend, the week ending May 24 showed how global oil, imports, heatwaves and policy buffers are shaping India's macro outlook

Fuel austerity dampens outlook for India's annual product demand growth

Petrol and diesel prices have been hiked by about Rs 5 per litre each in three instalments since May 15 as oil companies passed on a part of soaring international oil prices to consumers

'India should focus on FTA implementation, utilisation by exporters'

The immediate priority should be to ensure that these negotiated benefits translate into actual claims at the border, said experts

'Govt in advanced stage of consultation on cotton import duty removal'

Ministries, including finance, textiles, and agriculture, are deliberating on the duty, with the textile industry seeking its removal to mitigate cost pressures on domestic companies due to high price

Ahead of nationwide rollout, Centre releases draft rules on VB-G RAM G Act

Provides labour budget for 45 crore persondays of work in June 2026 ahead of rollout

India's exports rise 13.8% in April; FDI hits record $95 billion: Goyal

He also said that while the world is going through a turmoil, India is relentlessly rising on global stage as it is recording health growth in exports and foreign direct investment (FDI)

Goyal to visit Canada next week to boost FTA talks, attract investments

He said that a series of meetings is in the pipeline with leaders and businesses in Ottawa and Toronto